Analyst: Trading in BSL, Metronic warrants caution

TheStar Sat, Jul 16, 2022 07:10am - 1 year View Original


Minority Shareholders Watch Group chief executive officer Devanesan Evanson said the regulators were in a better position to determine whether there was manipulation, as they had access to more data and personnel and sophisticated surveillance systems.

PETALING JAYA: Investors are advised to exercise due diligence and make informed decisions with regards to the price action in BSL Corp Bhd and Metronic Global Bhd’s shares and warrants.

An anomaly occurred in the price of Metronic and BSL shares which closed at a discount to their respective warrants on Thursday. Warrants normally trade at a discount to the underlying company’s share price.

Metronic shares closed the trading week at 8.5 sen apiece while BSL closed at 10 sen.

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